It looks like Ben & Co. are telling the market that the Greenspan put has a very high strike price. With inflation at these levels, I did not think that we were even close to going in-the-money. Wow!
yea really, the Fed. statement should have read...."we are pleased with the pace of dollar devaluation and intend to bail out the sub prime market without anyone noticing...... it will soon be cheaper to light your BBQ grill with dollars rather than petroleum based starter fuel....
I feel like an idiot - I was just about to start to believe that this fed is different - and would care about inflation. just another corrupt (or stupid?) bunch of socialists.
IMHO...the fix is in....if China wont revalue then the Fed. will devalue.... gold and silver are popping hard....and the Dollar index will reopen at 6 PM central tonite...I'll be watching
that's like fixing your car by throwing it over the cliff. both the weak dollar and pile of cash will inflate economy for years - even today the part of the inflation is lagged from dollar depreciation in the past few years...add to it outflow of foreigner money (already happening) and I am about to celebrate that I do not hold american passport.... p.s. look at 30y bond - it is already down!
this is the tip of the berg.... Big Ben needs to start bailing..... http://today.reuters.com/news/artic...S-USA-SUBPRIME-FORECLOSURE.xml&src=rss&rpc=22